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Group life insurance over $50,000

Higgie
Level 1

On a w-2 box 12 has a value for group life insurance over $50,000. Is this reportable as income and if so where is it reported. Also since I am retired my former employer provided a w-2 with 0 on line 1 and proseries kicks out an error that without a value on line 1, the return can not be efiled!

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1 Comment 1
qbteachmt
Level 15

You'll enter your client's W2 as you see it, including amounts in boxes with the codes. The ProSeries knows how to handle a W2 just fine.

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